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AI brief of an SEC Form 8-K · Nike (NKE)

NIKE Q3 profit falls 35% to $0.5 billion as revenue holds flat at $11.3 billion

Negative Impact 3 of 5 earnings Written later

NIKE reported fiscal 2026 third-quarter results for the period ended February 28, 2026. Revenue was flat at $11.3 billion on a reported basis and down 3 percent on a currency-neutral basis, while net income fell 35 percent to $0.5 billion and diluted earnings per share fell to $0.35 from $0.54. For shareholders, the quarter shows lower profit on flat sales, with gross margin also down.

Key points

  • Revenues were $11.3 billion, flat reported and down 3 percent currency-neutral; NIKE Direct fell 4 percent to $4.5 billion.
  • Net income was $0.5 billion, down 35 percent; diluted EPS was $0.35 versus $0.54 a year earlier.
  • Gross margin decreased 130 basis points to 40.2 percent, primarily due to higher tariffs in North America.
  • The company returned about $609 million to shareholders through dividends in the quarter, up 3 percent.

The filing

CompanyNike (NKE)
Form8-K, current report
Filed with the SECMar 31, 2026, 4:15 PM ET
Accession number0000320187-26-000026

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 31, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.